Capital Group Municipal Income ETF $CGMU Shares Newly Bought by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 35,805 shares of the company’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CoreCap Advisors LLC lifted its stake in Capital Group Municipal Income ETF by 672.6% during the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after buying an additional 908 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Capital Group Municipal Income ETF by 52.3% in the third quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock worth $73,000 after acquiring an additional 970 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $97,000. Signature Equity Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $129,000. Finally, MBE Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $203,000.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $26.84 on Thursday. Capital Group Municipal Income ETF has a 52-week low of $25.73 and a 52-week high of $27.93. The company’s 50 day simple moving average is $26.46 and its 200-day simple moving average is $27.17.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a dividend of $0.0763 per share. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

Capital Group Municipal Income ETF Company Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.